Enphase Energy Begins Shipments of IQ8X and IQ8 Commercial Microinverters with Higher Domestic Content
Enphase Energy (NASDAQ: ENPH) has begun shipping IQ8X™ and IQ8P-3P™ Commercial Microinverters from U.S. manufacturing facilities with increased domestic content, marked by 'DOM' suffix SKUs. This enhancement allows the microinverters to more easily qualify for the domestic content bonus tax credit under the Inflation Reduction Act when combined with other U.S.-made solar equipment.
The microinverters have been added to the California Energy Commission's Solar Equipment Lists, meeting national safety and performance standards. The domestic content bonus tax credit is available to commercial asset owners, including businesses adding solar and PPA/lease providers owning residential solar projects.
Enphase Energy (NASDAQ: ENPH) ha iniziato a spedire gli IQ8X™ e IQ8P-3P™ Microinverter Commerciali dalle strutture produttive statunitensi con un contenuto domestico aumentato, contrassegnato dai codici SKU terminanti con 'DOM'. Questo miglioramento consente ai microinverter di qualificarsi più facilmente per il credito d'imposta sui contenuti domestici ai sensi dell'Inflation Reduction Act, in combinazione con altri equipaggiamenti solari prodotti negli Stati Uniti.
I microinverter sono stati aggiunti alle Liste di Equipaggiamento Solare della California Energy Commission, soddisfacendo gli standard nazionali di sicurezza e prestazione. Il credito d'imposta per i contenuti domestici è disponibile per i proprietari di beni commerciali, inclusi le imprese che aggiungono energia solare e i fornitori di PPA/locazione che possiedono progetti solari residenziali.
Enphase Energy (NASDAQ: ENPH) ha comenzado a enviar los Microinversores Comerciales IQ8X™ e IQ8P-3P™ desde instalaciones de fabricación en EE. UU. con un mayor contenido nacional, marcado por los SKUs con sufijo 'DOM'. Esta mejora permite a los microinversores calificar más fácilmente para el credito fiscal por contenido nacional bajo la Ley de Reducción de la Inflación cuando se combinan con otros equipos solares fabricados en EE. UU.
Los microinversores han sido añadidos a las Listas de Equipos Solares de la Comisión de Energía de California, cumpliendo con las normas nacionales de seguridad y rendimiento. El crédito fiscal por contenido nacional está disponible para propietarios de activos comerciales, incluidas empresas que añaden energía solar y proveedores de PPA/arriendo que poseen proyectos solares residenciales.
엔페이즈 에너지 (NASDAQ: ENPH)는 미국 제조 시설에서 'DOM' 접미사가 붙은 SKU로 표시되는 자국 생산 비율이 증가한 IQ8X™ 및 IQ8P-3P™ 상업용 마이크로인버터의 배송을 시작했습니다. 이 개선 사항은 마이크로인버터가 다른 미국 제조 태양광 장비와 결합되었을 때 인플레이션 감축 법에 따른 국내 내용물 보너스 세액 공제를 더 쉽게 자격을 갖추게 합니다.
마이크로인버터는 캘리포니아 에너지 위원회의 태양광 장비 목록에 추가되어 국가의 안전 및 성능 기준을 충족했습니다. 국내 내용물 보너스 세액 공제는 상업 자산 소유자, 즉 태양광을 추가하는 기업 및 주택 태양광 프로젝트를 소유한 PPA/임대 제공자에게 제공됩니다.
Enphase Energy (NASDAQ: ENPH) a commencé à expédier des micro-onduleurs commerciaux IQ8X™ et IQ8P-3P™ à partir de sites de fabrication aux États-Unis avec un contenu national accru, marqué par des SKU se terminant par 'DOM'. Cette amélioration permet aux micro-onduleurs de plus facilement se qualifier pour le crédit d'impôt pour contenu domestique en vertu de la loi sur la réduction de l'inflation lorsqu'ils sont combinés avec d'autres équipements solaires fabriqués aux États-Unis.
Les micro-onduleurs ont été ajoutés aux Listes d'Équipements Solaires de la California Energy Commission, respectant ainsi les normes nationales de sécurité et de performance. Le crédit d'impôt pour contenu domestique est disponible pour les propriétaires d'actifs commerciaux, y compris les entreprises ajoutant de l'énergie solaire et les fournisseurs de PPA/location possédant des projets solaires résidentiels.
Enphase Energy (NASDAQ: ENPH) hat begonnen, die IQ8X™ und IQ8P-3P™ kommerziellen Mikroinverter aus US-Fertigungsanlagen mit erhöhtem Inlandsanteil zu versenden, die mit dem Suffix 'DOM' gekennzeichnet sind. Diese Verbesserung ermöglicht es den Mikroinvertern, leichter für den Steuergutschrift für inländische Inhalte gemäß dem Inflation Reduction Act in Kombination mit anderen in den USA hergestellten Solarausrüstungenqualifiziert zu werden.
Die Mikroinverter wurden in die Solargeräte-Listen der California Energy Commission aufgenommen und erfüllen die nationalen Sicherheits- und Leistungsstandards. Die Steuergutschrift für inländische Inhalte steht gewerblichen Asset-Eigentümern offen, dazu gehören Unternehmen, die Solarenergie hinzufügen, und PPA/Vermietungsanbieter, die Wohnsolaranlagen besitzen.
- Increased domestic content in IQ8 Microinverters reduces requirements for additional U.S.-made components to qualify for IRA tax credits
- Products added to California Energy Commission's Solar Equipment Lists, validating safety and performance standards
- Enhanced ability for commercial customers to qualify for domestic content bonus tax credits
- Expansion of U.S. manufacturing operations strengthens domestic supply chain
- Tax credit benefits to commercial asset owners and PPA/lease providers, excluding direct residential customers
Insights
The shift to domestic manufacturing of IQ8X and IQ8 Commercial Microinverters represents a significant operational pivot for Enphase. The "DOM" SKU designation and increased local content streamline qualification for IRA tax credits, potentially reducing dependency on additional U.S.-made components. This manufacturing transition strengthens domestic supply chains and positions Enphase competitively in the
The CEC certification for U.S.-manufactured units validates quality standards while enabling faster market access in key solar markets. This domestic production capability could help buffer against international supply chain disruptions and reduce logistics costs, though initial manufacturing transitions may temporarily impact margins as operations scale.
The enhanced domestic content in Enphase's new microinverters significantly simplifies access to the IRA bonus tax credit for commercial installations. This strategic alignment with IRA incentives creates a compelling value proposition for commercial customers and PPA/lease providers. The reduced need for additional U.S.-made components to qualify for credits streamlines compliance and potentially accelerates project ROI.
While this development primarily benefits commercial asset owners, the broader implications for market competitiveness and pricing power are substantial. The tax advantage could drive increased commercial adoption and market share gains in the growing U.S. solar market.
FREMONT, Calif., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, today announced initial shipments of IQ8X™ Microinverters and IQ8P-3P™ Commercial Microinverters supplied from manufacturing facilities in the United States with higher domestic content than previous models. The microinverters have SKUs with a “DOM” suffix, indicating an increased amount of domestic content.
Enphase announced in July 2024 that certain IQ8™ Microinverters, when paired with other U.S.-made solar equipment, could qualify for the domestic content bonus tax credit under the Inflation Reduction Act (IRA). Now, with the new IQ8 Microinverters having more components manufactured in the United States, less additional U.S.-made solar equipment is needed to meet the current domestic content bonus tax credit requirements.
“Manufacturing IQ8 Microinverters in the United States marks a significant milestone for Enphase," said Oren Tamir, founder and CEO of NRG Clean Power. "This move underscores our commitment to quality and innovation, and we are confident it will strengthen the trust our customers place in our products, knowing they are made right here in America.”
“Enphase's decision to supply IQ8 Commercial Microinverters from manufacturing facilities on American soil resonates strongly with our company’s resolve,” said Aaron Yakligian vice president at Mid-State Solar. “Produced locally, these high-performance components enable us to provide our customers with reliable, safer, top-tier solar solutions.”
Additionally, Enphase IQ8 Microinverters supplied from manufacturing facilities in the United States have been added to the California Energy Commission’s (CEC) Solar Equipment Lists, which include equipment that meets established national safety and performance standards.
"Having IQ8 Microinverters manufactured at U.S. facilities gives our customers and us greater confidence in the quality and reliability of the products we’re installing,” said Eric Israelsen, cofounder and chief empower officer at Summit Energy. “It’s a win for the solar industry and a testament to Enphase’s commitment to American innovation and job creation."
"Installing IQ8 Commercial Microinverters produced domestically has unlocked a new target market for our commercial division," said Peter Sarelas, CEO at Source Solar. "The bonus tax credits and bonus of saying our products are produced at American manufacturing facilities allow Source Solar to install larger projects with larger savings, as well as offer longer warranties that will last for a quarter of a century all by keeping the material sourced as locally as possible."
“We are in a transformative moment for Enphase and the entire solar sector,” said Ken Fong, vice president and general manager of the Americas at Enphase Energy. “With installers of Enphase’s products now better positioned to qualify for the domestic content bonus tax credit, they can expand their businesses and reach a wider audience. By prioritizing American manufacturing, we’re not only creating jobs and boosting the economy but also guaranteeing that our products continue to offer peak performance and reliability.”
The domestic content bonus tax credit is only available to commercial asset owners, which includes commercial businesses adding solar and PPA/lease providers who own residential solar projects. Enphase encourages those interested in the domestic content bonus tax credit to consult their own legal and tax professionals to confirm whether qualification for the credit is applicable. Please visit the website for more information about IQ8 Series Microinverters and Enphase manufacturing.
About Enphase Energy, Inc.
Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power—and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 78.0 million microinverters, and over 4.5 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit https://enphase.com/.
©2024 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the “e” logo, IQ, IQ8, Solargraf, and certain other marks listed at https://enphase.com/trademark-usage-guidelines are trademarks or service marks of Enphase Energy, Inc. Other names are for informational purposes and may be trademarks of their respective owners.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements related to the expected capabilities and performance of Enphase Energy’s technology and products, including safety, quality, and reliability; ability of our products to qualify for the domestic content bonus tax credit; and statements regarding the timing and availability Enphase Energy’s products in the United States. These forward-looking statements are based on Enphase Energy’s current expectations and inherently involve significant risks and uncertainties. Actual results and the timing of events could differ materially from those contemplated by these forward-looking statements as a result of such risks and uncertainties including those risks described in more detail in Enphase Energy’s most recently filed Quarterly Report on Form 10-Q, Annual Report on Form 10-K, and other documents filed by Enphase Energy from time to time with the SEC. Enphase Energy undertakes no duty or obligation to update any forward-looking statements contained in this release as a result of new information, future events or changes in its expectations, except as required by law.
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FAQ
What are the new features of Enphase's (ENPH) IQ8 Microinverters manufactured in the US?
How do ENPH's U.S.-made microinverters qualify for IRA tax credits?
Who is eligible for the domestic content bonus tax credit with ENPH's new microinverters?
What certifications have ENPH's U.S.-manufactured IQ8 Microinverters received?
